Process and Effects of Financial Liberalization in Transition Countries: A Selective Literature Survey
This paper aims at reviewing selected literature on (1) structural financial changes observed in a large sample of transition economies in the Central and/or Oriental Europe during the last two decades, (2) efficiency of this financial liberalization in relative terms (in macroeconomic sense), and (3) impact of liberalization on financial problems of small and medium-size enterprises, a specific puzzle concerning this very important economic sector as for its role in the employment and growth of these economies.
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"Financial Repression and Economic Growth,"
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3876, National Bureau of Economic Research, Inc.
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"Financial Development and Poverty Reduction: Can There be a Benefit without a Cost?,"
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"Internal capital markets and lending by multinational bank subsidiaries,"
Journal of Financial Intermediation,
Elsevier, vol. 19(1), pages 1-25, January.
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"Non-linear growth effects of financial development: Does financial integration matter?,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
- Masten, Arjana Brezigar & Coricelli, Fabrizio & Masten, Igor, 2008. "Non-linear growth effects of financial development: Does financial integration matter?," Journal of International Money and Finance, Elsevier, vol. 27(2), pages 295-313, March.
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- Staikouras, Christos & Mamatzakis, Emmanuel & Koutsomanoli-Filippaki, Anastasia, 2008. "Cost efficiency of the banking industry in the South Eastern European region," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 18(5), pages 483-497, December.
- Ayyagari, Meghana & Beck, Thorsten & Demirguc-Kunt, Asl, 2003. "Small and medium enterprises across the globe : a new database," Policy Research Working Paper Series 3127, The World Bank.
- Peter Lawrence, 2006. "Finance and development: why should causation matter?," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(7), pages 997-1016.
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- Haselmann, Rainer, 2006. "Strategies of foreign banks in transition economies," Emerging Markets Review, Elsevier, vol. 7(4), pages 283-299, December.
- John Hutchinson & Ana Xavier, 2004.
"Comparing the Impact of Credit Constraints on the Growth of SMEs in a Transition Country with an Established Market Economy,"
LICOS Discussion Papers
15004, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
- John Hutchinson & Ana Xavier, 2006. "Comparing the Impact of Credit Constraints on the Growth of SMEs in a Transition Country with an Established Market Economy," Small Business Economics, Springer, vol. 27(2), pages 169-179, October.
- Ralph de Haas & Ilko Naaborg, 2005. "Does Foreign Bank Entry Reduce Small Firms' Access to Credit? Evidence from European Transition Economies," DNB Working Papers 050, Netherlands Central Bank, Research Department.
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